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Most-Downgraded Stocks  
NASDAQ:PLUG

Plug Power - PLUG Stock Forecast, Price & News

$16.48
-0.90 (-5.18%)
(As of 02/6/2023 05:33 PM ET)
Add
Compare
Today's Range
$16.25
▼
$17.14
50-Day Range
$11.71
▼
$17.89
52-Week Range
$11.49
▼
$32.05
Volume
16.54 million shs
Average Volume
19.25 million shs
Market Capitalization
$9.61 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.57

Plug Power MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.65 Rating Score
Upside/​Downside
55.6% Upside
$25.57 Price Target
Short Interest
Healthy
14.74% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.02mentions of Plug Power in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.12) to ($0.69) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Industrial Products Sector

45th out of 175 stocks

Electrical Industrial Apparatus Industry

2nd out of 9 stocks

See Top Rated MarketRank™ Stocks Here
PLUG stock logo

About Plug Power (NASDAQ:PLUG) Stock

Plug Power Inc. is a green energy play focused on Hydrogen and hydrogen fuel cells and it is the leader in the push toward a green hydrogen economy. Among the many advantages of hydrogen fuel cells are the unlimited supply of hydrogen and the ability to harvest it from renewable, green energy sources. Additionally, power-sensitive industries like Health Care, Data Centers, and Communications services can ensure their own operations by utilizing hydrogen fuel cells as a primary or back-up system.

Plug Power Inc develops, designs, manufactures, markets, installs, and services a line of end-to-end hydrogen and zero-emission fuel cell solutions. These solutions are tailored for supply chain and logistics applications, on-road electric vehicles, and stationary power generation for businesses and industries in North America and internationally.

Green Hydrogen is hydrogen split from a base molecule using electricity generated by sustainable sources such as fuel cells, solar, or wind. One of the most visible uses of hydrogen fuel cells is in warehouse settings where it is used to run loaders and forklifts. The technology not only saves on costs but reduces emissions within an enclosed warehouse or retail space. A few of the companies capitalizing on the technology are Walmart, Amazon, FedEx, and The Home Depot. The company was founded in 1997, went public in 1999, and is headquartered in Latham, New York.

Plug Power’s goal is to build an end-to-end green hydrogen ecosystem that includes green hydrogen production, storage and delivery, and energy generation through a network of grid-connected power stations and refueling points. A key milestone in the company’s history was hit in 2014 when Plug Power, Inc deployed the GenKey solutions for the first time. The GenKey system is a suite of turnkey services that streamlines the upgrade to hydrogen fuel cells. Essentially, Plug Power installs and hen services fully-operational fuel cell systems. These solutions include IoT connectivity for maintenance and servicing that ensures best-in-class uptime for all fuel cell solutions.

Among the company’s many products are proton exchange membrane (PEM) for fuel cells, individual fuel cells and hydrogen fuel processing technologies, and hybrid EV/Hydrogen technologies as well as equipment for hydrogen and green hydrogen generation, storage, and dispensing infrastructure.

Plug Power, Inc. has strategic agreements with Airbus, Lhyfe, Edison Motors, Phillips 66, Apex Clean Energy, BAE Systems, and Universal Hydrogen Co. The partnership with Airbus is exploring the use of hydrogen in airplanes and airports, the partnership with Lhyfe is expanding hydrogen use in the EU logistics market, the partnership with Edison Motors is focused on a hydrogen-only city bus solution, and the deal with Phillips 66 aims at expanding and scaling Plug Power’s hydrogen production capabilities as needed.

 

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PLUG Stock News Headlines

January 11, 2023 | marketbeat.com
Bloom Energy Powers Up After an Upgrade, is it Worth the Risk? (PLUG)
Bloom Energy stock is surging after an analyst upgrade drew attention to international expansion but there's still a lot that has to go right for BE stock
February 6, 2023 | marketwatch.com
Hydrogen and Fuel Cells Market Scope and Growth Strategies by Key Players Panasonic, Plug Power, Toshiba ESS, Ballard
February 6, 2023 | Wall Street Watch Dogs (Ad)
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
February 4, 2023 | finance.yahoo.com
Best Stock to Buy: Ford Stock vs. Plug Power Stock
February 3, 2023 | realmoney.thestreet.com
Plug Power Needs a Fresh Charge
February 1, 2023 | americanbankingnews.com
Plug Power Inc. (NASDAQ:PLUG) Forecasted to Earn FY2022 Earnings of ($1.17) Per Share
February 1, 2023 | americanbankingnews.com
FY2022 EPS Estimates for Plug Power Inc. (NASDAQ:PLUG) Reduced by B. Riley
January 31, 2023 | marketwatch.com
Johnson Matthey Agrees Long-Term Strategic Partnership With Plug Power
February 6, 2023 | Investing Trends (Ad)
"TAKE THAT, CHINA!" USA Gains in EV Battery Arms Race
Did you know each electric car battery requires 220 pounds of graphite – more than lithium, copper, or aluminum? China enjoyed a "near monopoly" in this vital ingredient... until the U.S. made a blockbuster announcement. Now one little-known company is set to play a crucial role in the booming $7 trillion EV revolution.
January 31, 2023 | americanbankingnews.com
FY2027 Earnings Forecast for Plug Power Inc. (NASDAQ:PLUG) Issued By HC Wainwright
January 31, 2023 | americanbankingnews.com
FY2023 EPS Estimates for Plug Power Inc. Reduced by KeyCorp (NASDAQ:PLUG)
January 31, 2023 | americanbankingnews.com
Oppenheimer Equities Analysts Cut Earnings Estimates for Plug Power Inc. (NASDAQ:PLUG)
January 31, 2023 | americanbankingnews.com
Plug Power Inc. Forecasted to Earn FY2022 Earnings of ($1.06) Per Share (NASDAQ:PLUG)
January 30, 2023 | markets.businessinsider.com
TSLA, NIO, or PLUG: Which EV Stock Could Fetch Better Returns in 2023?
January 30, 2023 | finance.yahoo.com
Plug Power (PLUG) Stock Moves -0.95%: What You Should Know
January 29, 2023 | americanbankingnews.com
Plug Power (NASDAQ:PLUG) PT Lowered to $23.00 at Cowen
January 29, 2023 | americanbankingnews.com
Plug Power Inc. Forecasted to Post Q3 2024 Earnings of $0.05 Per Share (NASDAQ:PLUG)
January 27, 2023 | finance.yahoo.com
Plug Stock: Why It Tumbled and Where It’s Headed
January 27, 2023 | finance.yahoo.com
Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.
January 27, 2023 | americanbankingnews.com
Plug Power (NASDAQ:PLUG) Shares Down 6.8%
January 27, 2023 | msn.com
Why Plug Power Shares Are Falling Today
January 27, 2023 | msn.com
Plug Power ends electrolyzer plant partnership with Fortescue
January 27, 2023 | americanbankingnews.com
Plug Power (NASDAQ:PLUG) PT Lowered to $25.00
January 27, 2023 | americanbankingnews.com
Plug Power (NASDAQ:PLUG) Given New $24.00 Price Target at JPMorgan Chase & Co.
January 26, 2023 | msn.com
Plug Power trims FY 2022 revenue guidance after 'tougher quarter than expected'
January 26, 2023 | finance.yahoo.com
Why Shares of Plug Power Are Plunging Today
January 26, 2023 | seekingalpha.com
Plug Power: Brace For Chaos
See More Headlines
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PLUG Company Calendar

Last Earnings
11/08/2022
Today
2/06/2023
Next Earnings (Estimated)
3/07/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Electrical industrial apparatus
Sub-Industry
N/A
Sector
Industrial Products
Current Symbol
NASDAQ:PLUG
CUSIP
N/A
CIK
1093691
Web
www.plugpower.com
Phone
(518) 782-7700
Fax
518-782-9060
Employees
2,449
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$25.57
High Stock Price Forecast
$46.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+55.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.65
Research Coverage
20 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($1.20)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-459,960,000.00
Net Margins
-107.91%
Pretax Margin
-110.20%
Return on Equity
-15.56%
Return on Assets
-11.76%

Debt

Debt-to-Equity Ratio
0.13
Current Ratio
6.09
Quick Ratio
5.23

Sales & Book Value

Annual Sales
$502.34 million
Price / Sales
19.12
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$7.99 per share
Price / Book
2.06

Miscellaneous

Outstanding Shares
582,900,000
Free Float
575,326,000
Market Cap
$9.61 billion
Optionable
Optionable
Beta
1.79

Social Links


Key Executives

  • Andrew J. MarshAndrew J. Marsh
    President, Chief Executive Officer & Director
  • Keith C. SchmidKeith C. Schmid
    Chief Operating Officer & Senior Vice President
  • Paul B. MiddletonPaul B. Middleton
    Chief Financial Officer & Senior Vice President
  • Tim Cortes
    Chief Technology Officer
  • Sanjay Kumar ShresthaSanjay Kumar Shrestha
    Chief Strategy Officer & Executive Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Institutional Transactions













PLUG Stock - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last twelve months. There are currently 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PLUG shares.
View PLUG analyst ratings or view top-rated stocks.

What is Plug Power's stock price forecast for 2023?

20 Wall Street research analysts have issued twelve-month price objectives for Plug Power's stock. Their PLUG share price forecasts range from $13.00 to $46.00. On average, they anticipate the company's share price to reach $25.57 in the next twelve months. This suggests a possible upside of 54.6% from the stock's current price.
View analysts price targets for PLUG or view top-rated stocks among Wall Street analysts.

How have PLUG shares performed in 2023?

Plug Power's stock was trading at $12.37 at the beginning of 2023. Since then, PLUG shares have increased by 33.7% and is now trading at $16.54.
View the best growth stocks for 2023 here.

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our PLUG earnings forecast.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) released its quarterly earnings results on Tuesday, November, 8th. The electronics maker reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.25) by $0.05. The electronics maker had revenue of $188.63 million for the quarter, compared to analysts' expectations of $239.94 million. Plug Power had a negative trailing twelve-month return on equity of 15.56% and a negative net margin of 107.91%.

What guidance has Plug Power issued on next quarter's earnings?

Plug Power issued an update on its FY 2023 earnings guidance on Friday, January, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.40 billion-$1.40 billion, compared to the consensus revenue estimate of $1.37 billion.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

What is Plug Power's stock symbol?

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Who are Plug Power's major shareholders?

Plug Power's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.49%), Pinnacle Associates Ltd. (0.37%), Pinnacle Associates Ltd. (0.37%), DNB Asset Management AS (0.37%), AEGON ASSET MANAGEMENT UK Plc (0.25%) and DekaBank Deutsche Girozentrale (0.21%). Insiders that own company stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory Kenausis, Jonathan M Silver, Keith Schmid, Lucas P Schneider, Martin Daniel Hull, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
View institutional ownership trends.

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Plug Power's stock price today?

One share of PLUG stock can currently be purchased for approximately $16.54.

How much money does Plug Power make?

Plug Power (NASDAQ:PLUG) has a market capitalization of $9.64 billion and generates $502.34 million in revenue each year. The electronics maker earns $-459,960,000.00 in net income (profit) each year or ($1.20) on an earnings per share basis.

How many employees does Plug Power have?

The company employs 2,449 workers across the globe.

How can I contact Plug Power?

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The official website for the company is www.plugpower.com. The electronics maker can be reached via phone at (518) 782-7700, via email at investors@plugpower.com, or via fax at 518-782-9060.

This page (NASDAQ:PLUG) was last updated on 2/6/2023 by MarketBeat.com Staff